Environmental compensation of the oil sector has been a difficult issue to develop in the country, but it seems like this topic is thriving, and the environment will be the main beneficiary. Parex announced an important environmental compensation project in the department of Casanare.
The development of unconventional projects is one of the main alternatives to resolve concerns about oil self-sufficiency in the long term in Colombia. However, this has generated much controversy over the use of techniques such as fracking and Colombian politicians are discussing this issue.
The Colombian Association of Petroleum Engineers (ACIPE) talked on the possibility of implementing fracking in Colombia. Julio Cesar Vera, President of ACIPET, spoke on this subject in an event about heavy crude in Bogotá.
The National Agency of Environmental Licenses (ANLA) ruled on environmental obligations in the country. Luis Gilberto Murillo, Minister of Environment (MinAmbiente) spoke about this decision and its positive effects on key issues such as investment and the environment.
A fracture in the TransAndino pipeline caused an environmental emergency in Puerto Boyacá (Boyacá). Local locals warned about the dumping of a considerable amount of oil in the area. The development of these and more stories in our periodic Eco summary.